Vancouver Area   May 10, 2019  (2-week update)

Current:  Vancouver area Real Estate Market ranges from a Sellers Market to a Buyers Market with an average of 10.5 %SOLD rate.   See each city for the full details.

Forecast: April's Real Estate Statistics shows some of our Markets are NORMALIZING with 52% of Vancouver's Detached Markets increasing values this month. Generally, Single Family Homes in Metro Vancouver experienced an Average Monthly Price decrease of $8,007 which is a decline from last month's $5,048 price drop. On Average, the Fraser Valley's Market continues to show monthly price increase of $1,019. The following month's forecasts are: a Buyer's Detached Market across most of Vancouver and a Stable Market over most of the Fraser Valley.

Currently, the Condo Market presents a Cooler Market with 67% of the Greater Vancouver (Lower Mainland) are decreasing prices. On the other hand, 61% of the Townhouse Markets are increasing. (17 out of 28 Markets). We are forecasting a continued Buyer’s Market in all Condo Markets whereas Townhouse Markets are Stabilizing. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.

Fraser Valley & Chilliwack  May 10, 2019  (2-week update)

Current:  Fraser Valley and the Chilliwack areas overall are in a Stable Market averaging a 15.6 %SOLD rate.  See each city link for the full details

In the Vancouver area for the Month of Apr 2019, 24% of the Single Family Home Sold Listings reduced their List Price by the Average of $192,205. This compares to Mar 2019, when 21% reduced their List Price by the Average of $97,204.
note: the other Two Week Reports ( STR and MTI ) will be more accurate market indicators than this monthly report after the middle of each month.)

In the Fraser Valley-Chilliwack area, for the Month of Apr 2019, 25% of the Single Family Home Sold Listings reduced their List Price by the average of $52,057. This compares to Mar 2019 when 23% reduced their List Price by the average of $34,870.

Now do compare the %SOLD and the MTI rates to the year 2017!

Now do compare the %SOLD and the MTI rates to the year 2016!

Now do compare the %SOLD and the MTI rates to the year 2015!

Now do compare the %SOLD and the MTI rates to the year 2014!

Now do compare the %SOLD and the MTI rates to the year 2013!

Now do compare the %SOLD and the MTI rates to the year 2012! Now do compare the %SOLD and the MTI rates to the year 2011!

The Best and Worst Investments in Greater Vancouver (YTD)

AVERAGE Prices Changes 
(Click Image to See High and Low)


HIGH ENDS AND LOW ENDS

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